Steve Saretsky, Vancouver realtor and real estate specialist at Saretsky Group, told Financial Post’s Larysa Harapyn in a“I don’t think it’s as pronounced as what I’m hearing from Ontario, but I definitely think we’re going through the start of a housing correction here,” Saretsky said, adding that the beginning of the correction is most concentrated in the suburbs.
Saretsky said a confluence of factors are behind the decline, including the correction of the pandemic’s housing bull market and higher mortgage rates.
Too bad the prices have yet to drop too.
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